Warnings, advisories and piracy incidents in the Indian Ocean Area by the UKMTO in the past week. Source: UKMTO (United Kingdom Maritime Trade Operations)
UKMTO Weekly Piracy Report 12 – 18 July 2025 Read More »
With the exception of the Capesize sector, most other ship classes have seen rates trade well below the average of the past seven years for the summer period. In its latest weekly report, shipbroker Xclusiv said that “the analysis of daily Baltic Exchange Time Charter Equivalent (TCE) data from January 2018 through July 10, 2025 …
Dry Bulk Market: Rates Below Seasonal Average for Most Ship Classes Read More »
In April, the International Maritime Organization’s (IMO) member states took a historic step by agreeing to the Net-Zero Framework (NZF) – the world’s first global emissions price for an entire industry. This was a landmark step towards decarbonising international shipping and one that the International Chamber of Shipping (ICS) has been advocating for and fully …
The IMO Council met for its 134th session from 7 to 11 July 2025 at IMO Headquarters in London, United Kingdom (with hybrid participation). The session was chaired by Mr. Victor Jimenez Fernandez (Spain), supported by the Vice-Chair, Ms. Amane Fethallah (Morocco). Outcomes of the meeting are outlined below: Revised Strategic Plan for 2024-2026 The …
Outcomes of the IMO Council, 134th session Read More »
The ship recycling market lacked momentum during the past week. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships said that “ship recycling markets across South Asia and Türkiye continue to face a lack of momentum, with sentiment soft and activity largely stagnant. In India, conditions remain flat as demand …
Pace Still Slow Across Ship Recycling Markets Read More »
“In the first half of 2025, China’s share of newbuilding contracting fell to 52% from 72% in the previous six months. Growing concerns over USTR port fees on Chinese ships in US ports likely contributed to a decrease in contracting in China. This trend was further amplified by a drop in global ship contracting and …
Chinese shipyards’ market share drops from 72% to 52% amid USTR concerns Read More »
This year’s Port State Control Concentrated Inspection Campaign (PSC CIC), taking place from 1 September to 30 November 2025, will focus on ballast water management. This news also shares some updates of DNV’s PSC Top 18 detainable deficiencies list. Every year, PSC regimes determine a specific focus area during regular inspections. For 2025, the Paris …
PSC CIC 2025 on ballast water management and DNV’s PSC Top 18 Read More »
The Institute of Chartered Shipbrokers (ICS) Greek Branch and Alba Graduate Business School are pleased to announce the successful completion of the 5th Summer School “Shipping in Action”, held from July 7 to 10, 2025. The Summer School offered an exceptional academic and experiential learning opportunity to a group of undergraduate students from Greece and …
Shipping investment activity was much more evident in the S&P market over the past week, rather than the newbuilding segment. In its latest weekly report, shipbroker Banchero Costa said that “in the Panamax segment, Vietnamese interests were behind the purchase of IVESTOS II 76,284 dwt 2004 Tsuneishi built at $8.40 mln. In the Supramax segment, …
Ship Owners Turn to Second Hand Ships Read More »
As of February 2025, shipowners in the Western hemisphere have reportedly earned over US$6.3 billion from the sale of aging tankers, many of which have eventually joined the so-called “shadow fleet.” Such vessels are often used to circumvent sanctions, particularly in transporting Russian oil outside the price cap mechanism. Indeed, on 23 June 2025, it …
International sanctions: implications for shipbrokers Read More »
